Paramount Skydance’s proposed acquisition of Warner Bros. Discovery (WBD) has hit a roadblock after a choose temporarily paused the deal in response to a lawsuit filed by a coalition of 12 state attorneys normal who argue that the merger would hurt competitors. U.S. District Choose Araceli Martínez-Olguín issued a 14-day pause on Monday after listening…
Paramount Skydance’s proposed acquisition of Warner Bros. Discovery has hit a roadblock after a judge temporarily paused the deal in response to a lawsuit filed by a coalition of 12 state attorneys general who argue that the merger would harm competition. U.S. District Judge Araceli Martínez-Olguín issued a 14-day pause on Monday after hearing arguments…
A coalition of 12 state attorneys general is filing a lawsuit to block the merger of Paramount Skydance and Warner Bros. Discovery (WBD), alleging that the deal would harm movie theaters, basic cable distributors, and audiences. The coalition, led by California Attorney General Rob Bonta, argues that the acquisition violates the Clayton Act, which prohibits…
